AgenciesICICI Direct has buy call on Data Patterns (India) with a target price of Rs 1280. The current market price of Data Patterns (India) is Rs 1053.1. Time period given by analyst is one year when Data Patterns (India) Ltd. price can reach defined target.
Data Patterns (India) Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 5470.67 Crore) operating in General sector.
Data Patterns (India) Ltd. key Products/Revenue Segments include Electronic Components & Equipments and Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 70.08 Crore, down -59.51 % from last quarter Total Income of Rs 173.07 Crore and up 87.33 % from last year same quarter Total Income of Rs 37.41 Crore. Company reported net profit after tax of Rs 14.26 Crore in latest quarter.
Investment Rationale
The brokerage has increased earnings estimates for FY23E and FY24E by 2.2% and 8.8% respectively to factor in better execution and better than expected increase in order inflows. DPIL is well placed to deliver revenue and PAT CAGR of 29.5% and 29.7%, respectively, over FY22-24E. Increase in profitability with strong asset turnover will result in healthy return ratios over FY23-24E. It remains positive and retains BUY rating on the stock with a target price of Rs 1280 (valuing at 42x on FY24E EPS).
Promoter/FII Holdings
Promoters held 45.62 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.43 per cent, DIIs 8.25 per cent.
Data Patterns (India) Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 5470.67 Crore) operating in General sector.
Data Patterns (India) Ltd. key Products/Revenue Segments include Electronic Components & Equipments and Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 70.08 Crore, down -59.51 % from last quarter Total Income of Rs 173.07 Crore and up 87.33 % from last year same quarter Total Income of Rs 37.41 Crore. Company reported net profit after tax of Rs 14.26 Crore in latest quarter.
Investment Rationale
The brokerage has increased earnings estimates for FY23E and FY24E by 2.2% and 8.8% respectively to factor in better execution and better than expected increase in order inflows. DPIL is well placed to deliver revenue and PAT CAGR of 29.5% and 29.7%, respectively, over FY22-24E. Increase in profitability with strong asset turnover will result in healthy return ratios over FY23-24E. It remains positive and retains BUY rating on the stock with a target price of Rs 1280 (valuing at 42x on FY24E EPS).
Promoter/FII Holdings
Promoters held 45.62 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.43 per cent, DIIs 8.25 per cent.
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